#Financial Advisor Increases Cryptocurrency Holdings#
Hot Topic Overview
Overview
A growing number of financial advisors are starting to increase their holdings of cryptocurrency. A recent report by Bitwise and VettaFi shows that 56% of financial advisors are more likely to invest in cryptocurrencies this year, and 99% of advisors who have already invested in cryptocurrencies plan to maintain or increase their investments. The surge in cryptocurrency prices in 2024 and increased regulatory transparency have sparked greater interest among clients and advisors alike, with 96% of advisors responding to client inquiries about cryptocurrencies, a historical high. Despite this, 19% of advisors who haven't yet allocated to cryptocurrencies plan to invest in 2025.
Ace Hot Topic Analysis
Analysis
A recent report from Bitwise and VettaFi reveals that financial advisors' interest in investing in cryptocurrencies is on the rise. The report surveyed 430 financial advisors, revealing that 56% are more likely to invest in cryptocurrencies this year, while 99% of those already invested in crypto plan to maintain or increase their investments. The surging cryptocurrency prices in 2024 and increased regulatory clarity have ignited greater interest from both clients and advisors. In 2024, 96% of advisors responded to client inquiries about crypto, a record high, compared to 88% in 2023. Additionally, the proportion of advisors allocating crypto in client portfolios doubled year-over-year, rising from 11% in 2023 to 22% in 2024. Institutional investors, registered investment advisors, and large brokerage firms are among the groups with the highest allocation rates. The report also highlights that an increasing number of clients are independently investing in cryptocurrencies without advisor guidance, signaling crypto investments are becoming more mainstream. Advisors who haven't yet allocated crypto are also increasingly leaning toward doing so, with 19% planning to invest in 2025, up from 8% last year. Overall, the report indicates a burgeoning interest in cryptocurrencies among financial advisors, suggesting that crypto allocation in investment portfolios is likely to rise further in the coming years.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
Financial advisors' interest in cryptocurrency is rising, with 56% of advisors more likely to invest in crypto this year.
The outcome of the 2024 US election shifted market sentiment, prompting more financial advisors to consider investing in cryptocurrency.
Client interest in cryptocurrency is also growing, with 96% of financial advisors answering client inquiries about crypto in 2024.
Most financial advisors who have already invested in cryptocurrency plan to maintain or increase their investments, with 99% of advisors saying they will maintain or increase their investment in 2025.